Terms of the deal have not been released, but ICAP said 1 & 2 Broadgate was chosen ahead of a number of other competing Central London developments. A combination of the quality environment at Broadgate, the efficient and flexible floors and the financial package secured the deal.
Lehman Brothers is still looking to dispose of the remaining 200,000 sf at 1 Broadgate and 100,000 sf at 6 Broadgate. CB Hillier Parker advised Lehman Bros and Insignia Richard Ellis acted for ICAP.
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